Hello Hive.
We have talked about savings in different light and so many people ha shed their point of view on what percentage of your income is meant for saving.
The importance of savings and how it can save one in emergency cases.
Regardless of how much we have talked about this, there are some income that can never be enough for someone to save from.
Say for instance I earn $30 in a month and my basic need of food alone is much more than that, it becomes difficult to save in this instance unless you want to fast or starve on some day.
There are some income that is totally difficult for one to save from which is very unfortunate in such situation.
Coming around the crypto space, it is much easier to save if we have a saving strategy.
There are days of abundance (bull market) when tokens are quite high and you can trade to save as much fiat or stable coins as possible.
While during the bear market savings can be much lower in amount.
It is obvious that myself and a fee other persons must have been doing the exact opposite.
People seem to spend more during the bull market when there is abundance of money and try to save biting their fingers during a bear market.
Learning to spend less in the day of abundance mama it alot easy to save more finances in whatever form.